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Indicators or Naked Charts?My dear 5 followers, today I want to share some revelations during my time trading. I was looking at some old screenshots and pictures in my computer that are from the time I started trading which was a little over three years ago. I was suprised to see how many indicators I had on my charts, and I reflect upon it as the total noob stage of trading. When you start trading you are in love with the very concept of trading and everything about it. Suddenly your self esteem increased because you know a little about trading, you are now a trader, albeit a terrible one, its still is a sexy thing to say. And with all this new world of trading, like a child filled with no experience and absolute enthusiasm naturally your attention gets caught by the shiny colorful sexy looking indicators. And because you understand this indicators, your self esteem goes higher because now you know what they mean and that feels great to understand what looks so complex. Then you start trading, and you quickly realize that it is not that easy as you thought, because you have no clue of the emotional psychological experience of trading itself. Eventually either you learn somewhere or you realize that these beloved indicators are actually confusing the hell out of you in the heat of the moment, and you start scaling back. You read somewhere that less is more , and ''the more simple my strategy the more money I make". You resist this because the indicators look so good, your identity was tied with how smart you are that you can read them, and the time you spent learning about them. You realize that you are not a trader because you want to impress your friends about how you understand all these indicators but that you are a trader because you want to make money. Then you realize that all these indicators are holding you back and you start removing them. Each one you take off feels like saying goodbye to your best friend, or that exgirlfriend that you hate but you keep coming back to her. Then once you get rid of them, your results start to improve, so that motivates you to remove some more. Eventually you are just left with support and resistance, and you look back at your own journey and you look at all these ideas on trading view and you realize how everyone si going through the same journey, we are all essentially the same. So I encourage anyone reading this to understand that the traders journey is going from complex and fancy to extremely simple and straightforward, how quickly you realize this and go in this direction is how quickly you will achieve success. Don't get stuck in Indicator Land too long.
COINBASE:BTCUSD
by mrwizard9000
7
Make Indicators Profitable AgainIf you have been in the market for some time, then you have probably tried a few different indicators. Some may have worked well, others not so much. However, just because the indicator's default version didn't work, that doesn't mean it doesn't have potential! Parabolic SAR Default We have tested the Parabolic SAR with its default settings, on ETH/USDT 4h chart, on Kucoin. Each trade was taken with 100% of the available equity, and resulted in a total profit of -89%. This means that you would have decimated your account if you had used the default Parabolic SAR. The default Parabolic SAR values on Tradingview are: "Start" 0.02, "Increment" 0.02 and "Maximum" 0.2. Modified Parabolic SAR By modifying the "Increment" and "Maximum" values to 0.002, you will create a version that has a total profit of 492%! This version even works on shorts. There are even more profitable versions of the Parabolic SAR strategies which you can use. We have just tested a few different values, but more extensive testing would almost certainly bring better results. Although you can use this indicator for your entries and exits, it is better to use it as a filter. This version is a lot slower than the default one, and as such, it only catches the big trends. As mentioned earlier, it also works on shorts; therefore, it can identify bear markets accurately. Therefore, you can use this version as a filter to find the long-term trend, and then use another indicator that signals more often, such as the MACD, to find the appropriate entries and exits.
by cryptohopper
How to interpret charts from indicators (trading strategy)Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- Please understand that the 'Vol & Trend' and 'Strength' sub-indicators are a synthesis of existing indicators, and cannot be disclosed because they have been judged to be unsuitable for publishing as public scripts. ---------------------------------------- It is not easy to see and interpret all the indicators displayed on the chart. Therefore, it should be viewed and interpreted as the most critical interpretation method. The first thing to look at is the position of the MS-Signal (M-Signal on the 1D chart), HA-Low, HA-High, M-Signal indicators on the 1W and 1M charts. The most important of these is the location of the MS-Signal (M-Signal on the 1D chart) indicator and price. The price is currently located below the MS-Signal indicator, indicating a downtrend. To add one more thing to this, you can also check the relationship with the M-Signal indicator on the 1W and 1M charts. Since the price is located below the M-Signal indicator on the 1W chart and 1M chart, it can be interpreted as a downtrend from a mid- to long-term perspective. Therefore, you can see that the chart as a whole is starting to enter a downtrend. In order to trade in this situation, you need to check the location of the HA-Low and HA-High indicators. Currently, the HA-Low indicator is rising and is about to be created. Therefore, if today's candlestick closes around now, we would expect the HA-Low indicator to form at 21552.44. Therefore, it becomes important whether it can rise above 21552.44. Since the M-Signal indicator on the 1W chart is passing around 21552.44, whether it can rise above 21552.44 has become an important question. If the HA-Low indicator is created at 21552.44 and fails to rise above 21552.44, there is a possibility of renewing the previous low, so you need to think about countermeasures. If support is received at the 21552.44 point, it is likely to touch the vicinity of the MS-signal (M-Signal on the 1D chart) indicator. At this time, if you succeed in breaking through the MS-signal (M-Signal on the 1D chart) indicator, the possibility of rising to the vicinity of the HA-High indicator increases. When the candle is formed today, the body of Heikin Ashi is showing a bullish sign. Therefore, even if the price fails to rise, if the price remains above the Heikin Ashi body, it can be interpreted that there is a high probability of a rise around 21552.44. At this time, you need to check whether it is supported or resisted at the point 21552.44. As such, indicators on price charts represent trends and support and resistance roles, making it the most intuitive way to anticipate future movements. To support this, 'Vol & Trend' and 'Strength' auxiliary indicators are utilized. This auxiliary indicator strengthens the interpretation of the price chart indicators by providing additional evidence when the movements of the price chart indicators are judged ambiguous. The 'Vol & Trend' sub-indicator is an indicator related to trading volume. Therefore, you can check the buy strength and sell strength according to the movement of trading volume. You can also check whether the volume is trending up or down. The 'Strength' sub-indicator consists of the Stoch, StochRSI, RSI and CCI indicators. The most important of these are the StochRSI indicator and the RSI indicator. The RSI indicator is an indicator that is related to the HA-Low and HA-High indicators. Therefore, it is not directly interpretable. However, it is paired with the Stoch indicator and used as a basis for determining an upward trend or a downward trend. It is currently looking to switch from a downtrend to an uptrend. The StochRSI indicator is used to predict periods of volatility. In addition, it is used as a basis for determining whether the trend will change to an uptrend or a downtrend in the future due to the change in the wave. The current downtrend has turned to an uptrend, and it appears to be coming out of the oversold zone. The CCI indicator is used as a basis for judging whether there is an upward trend or a downward trend. However, it shows a trend that is more than short-term. All of these indicators are scored as uptrend, stationary, and downtrend to make an overall judgment. 'Vol & Trend' indicator Stationary : 1 Downtrend: 1 'Strength' indicator Uptrend: 1 Matching: 2 Downtrend: 1 It is a situation where the basis for judgment of the sub-indicators is not needed, as all indicators that are near the current price chart are located below the price. If it starts to show stationary or sideways movements near the price chart, then with the help of the indicators, you will be able to use it as a basis for judgment. Someone said it's a chart with all the indicators, yes, that's right. However, it is not always possible to see all indicators. You only need to report it when necessary and use it as a basis for judgment. We do not think of additional interpretation methods for each indicator other than the interpretation methods described above. You should pay attention to this. By combining support and resistance points here, you can create a trading strategy. No matter how you analyze the chart, analysis ends its role with analysis. To trade, you need to create a trading strategy based on chart analysis and correlation with support and resistance points so you can start trading. However, when it comes to most chart analysis, there is a tendency to ignore trading strategies. If you ignore your trading strategy, you will most likely not be able to find the right way to respond if the movement comes out in the opposite direction you thought. Therefore, both chart analysis and trading strategy are important, but you need to do chart analysis to create a trading strategy. If you forget about this and invest all your time and effort into chart analysis, you will end up with a higher chance of failing trades when you run out of time to craft your trading strategy right. Therefore, chart analysis should be completed in the quickest way to give you plenty of time to create your trading strategy. To do so, it is urgently necessary to make efforts to predict movements beyond the current one, rather than looking at the charts based on past movements and past patterns. ----------------------------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
INDEX:BTCUSD
by readCrypto
4
About BW indicators...Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- We have not disclosed the detailed settings and formulas of the indicators below, but we will disclose them in the future when we deem it is time to do so. Please understand this. There are quite a few indicators that are displayed on the chart but are difficult to understand because they do not have explanations. Among them, this time I will take the time to explain the BW indicator. The BW indicator comprehensively evaluates MACD, StochRSI, CCI, supertrend, and PVT indicators to distinguish between uptrends and downtrends based on the 0 point. (MACD indicator) MACD = (fast + slow) / 2 Signal = EMA of MACD MACD > Signal: +1 point MACD = Signal: 0 points MACD < Signal: -1 point (StochRSI indicator) StochRSI = (K + D) / 2 StochRSI > 50: +1 point StochRSI = 50: 0 points StochRSI < 50: -1 point (CCI indicator) CCI > 0: +1 point CCI = 0: 0 points CCI < 0: -1 point (supertrend indicator) direction < 10: +1 point direction = 0 : 0 points direction > 10 : -1 point (PVT indicator) PVT > Signal: +1 point PVT = Signal: 0 points PVT < Signal: -1 point It is displayed in the secondary indicator using the same calculation method as above. To make it easier to view, we made it appear on the price chart. Therefore, we have made it possible to check more intuitively by referring to the BW indicator point displayed on the price chart when trading. To use this indicator, simply share this idea and then paste it into your own chart. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
INDEX:ETHUSD
by readCrypto
1
Using RSI and Stoch RSI IndicatorsHello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- The use of indicators has value in the sense that it provides objective information. However, since the indicator is lagging behind (slower change) than the price and trading volume, care must be taken when using it. To compensate for these shortcomings, support and resistance points are marked. The RSI and Stoch RSI indicators are used to indicate support and resistance points, and to indicate oversold and overbought zones. The oversold and overbought sections of the RSI indicator in the price chart are selected as the Close value of the price. The oversold section and overbought section of the RSI indicator in the Long/Short-S indicator were selected as the Close value of the Heikin Ashi candle. - Support and resistance points using RSI indicators are indicated by RSI 80 and RSI 20 indicators. - Support and resistance points using the Stoch RSI indicator are indicated as Low and High indicators. - In the Long/Short-S indicator, the Stoch RSI indicator was made to be displayed as the middle value of the K and D values. In addition, the oversold section and the overbought section were made to be displayed, and a line was displayed to determine the strength of the ups and downs. If it breaks out of the oversold zone and starts to rise, then falls without going up to the overbought zone, it means that the upside is weak. Conversely, if it breaks out of the overbought zone and starts to fall and then rises without falling into the oversold zone, it means that the bearish force is weak. - When the RSI and Stoch RSI indicators move out of the overbought zone, it is highly likely to lead to a strong decline. RSI Indicator, Stoch When the RSI indicator moves out of the oversold zone, it is highly likely to lead to a strong uptrend. I believe the support and resistance point indicators are weaker than the OBV, -100, +100, HA-Low and HA-High indicators. However, I think the RSI and Stoch RSI indicators indicate meaningful support and resistance points because they mark the part that corresponds to the end of the wave. Therefore, I think it can be used as a branch of split trading. ------------------------------------------------------------ ------------------------------------------- ** All descriptions are for reference only and do not guarantee a profit or loss in investment. ** The MRHAB-T indicator, which is inactive on the chart, contains indicators that indicate support and resistance points. ** Background color of Long/Short-S indicator: RSI oversold and overbought sections ** Background color of CCI-C indicator: When the short-term CCI line is below -100 and above +100, oversold and overbought sections are displayed. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
1
Bollinger Bands Strategy+ 3x IndicatorsSo I've taken the Lorentzian Machine Learning indicator as well as 2 other support/resistance + supply/demand indicators and added a Bollinger Band strategy to the Machine learning indicator which is now a combination of the Machine Learning indicator and Bollinger strategy and uses the same settings panel to dial in the merged strategy/indicator tool which is now called Machine Learning *Strategy* and not Machine Learning *Indicator.* So far this setup has been working wonders for me. As long as you keep your SL and TP's in order which is made pretty clear by the 2x 'Zones' indicators, you can't really go wrong with this setup. Just keep in mind that this is not financial advice and I am not a professional in finance or anything of that kind so make sure you always do your own homework before placing any trades. This video is me, just a guy enjoying the trading tools made available on TeamViewer, sharing some ideas on the tools I have been enjoying. Hope this video was interesting to a few traders out there. Let me know if you have any Q's and I'll try answer them as best I can.
E
by Kev_Bourn
Limitations of Secondary IndicatorsHello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (BTCUSDT 1W chart) It rose and closed above 43823.59 for the first time since December 04. After 5 weeks, it is finally showing signs of upward progress. Accordingly, if it falls below the 43160.0-43823.59 range and shows resistance, a stop loss is necessary. The 43823.59 point is the HA-High indicator point on the 1M chart. Therefore, I think it will be a test of whether it can pass the first hurdle to start a major bull market. Currently, the HA-High indicator on the 1W chart is formed at 59370.07. Therefore, in order to pass the second point for the start of a major bull market, the HA-High indicator on the 1W chart must rise or higher. It is considered normal if the HA-High indicator of the 1W chart and the HA-High indicator of the 1M chart are interchanged, but in fact, the HA-High indicator is an indicator for trading and has nothing to do with normal or reverse arrangement. Since the HA-High indicator on the 1W chart is at a fairly high price, it would be better to shake it up and down to create a new HA-High indicator, but I don't know that. Therefore, there is a possibility that it will continue to rise and touch the HA-High indicator of the current 1W chart. In any case, if the M-Signal indicators on the 1D, 1W, and 1M charts continue to align, the coin market will maintain an upward trend. -------------------------------------------------- - What I want to talk about is the limitations of auxiliary indicators. Secondary indicators are most effective when prices are moving sideways or have just broken out of a sideways range. In addition, if the price fluctuates sharply or continues to trend in one direction, the secondary indicator will appear incorrect. The phenomenon is expressed as divergence. Therefore, it is recommended to use secondary indicators only when the indicator is in a sideways section or has just exited a sideways section. After that, you should use the indicators displayed in the price chart section. In the future, we hope that you will not miss a good opportunity by referring to the movements of secondary indicators when the price falls sharply or deviates from the current box range. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting area, you should check the movement when this area is touched. If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -------------------------------------------------- ------------------------------------------- ** All explanations are for reference only and do not guarantee profit or loss in investment. ** Trading volume is displayed as a candle body based on 10EMA. How to display (in order from darkest to darkest) More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA ** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own. ** This chart was created using my know-how. ---------------------------------
by readCrypto
2
Decoding Bitcoin: Indicators & Chart Analysis + EducationalWhen we look at Bitcoin's current price of $26,821, it's above two significant indicators: the middle Bollinger Band at $24,644 and the EMA 50 at $25,677. These two indicators are used to understand the trend of the price. If Bitcoin's price is above these levels, it generally means the trend is upward or bullish. Now, the Fibonacci levels offer insight into potential future movement. Currently, Bitcoin's price is nearer to the 0 levels ($15,525), suggesting it has the potential to rise before meeting the next significant resistance at the 0.5 level ($42,250). However, market movements are unpredictable, and they might not necessarily reach or surpass this level. RSI and Stochastic Oscillators are typically used to identify overbought and oversold conditions. With RSI at 55 and Stochastic Oscillators at 64, they're more or less neutral but leaning towards overbought. This suggests Bitcoin has been in demand recently, and we might soon see some selling pressure as traders decide to secure their profits. The MACD, sitting at 1831, is an indicator of trend strength and direction. A positive MACD suggests the current trend is upward, but it's crucial to monitor it closely for any potential shifts in momentum. Lastly, we have the OBV at 229K and the volume oscillator at -20%, which gives us information about the trading volume. A high OBV suggests strong buying pressure, but a negative volume oscillator indicates that trading activity has been lower recently. This presents a mixed signal, implying that the trend, while backed by some volume, is not experiencing robust trading activity. So, what does all this mean for you as a trader? It's about understanding and interpreting these signals together. The Bollinger Bands and EMA tell you about the ongoing trend, while Fibonacci levels help identify potential future resistance and support levels. RSI and Stochastic Oscillators offer a sense of whether Bitcoin is currently in demand or not, and MACD provides insight into the trend's strength. OBV and volume oscillator, on the other hand, show the volume backing the trend. Each indicator should be used in conjunction with others to get a comprehensive view of the market. Also, staying updated with market news and events is crucial as it can affect prices. This way, you can make more informed trading decisions. Why are we using a weekly chart for this analysis? One major advantage of checking in on weekly charts is gaining perspective on long-term trends. These charts are like taking a step back to get a broader view of the landscape. They can help you see if the market is generally moving in a bullish or bearish direction over time. This comprehensive view is something you might miss if you're only focusing on daily or even hourly fluctuations. Another benefit of weekly charts is their ability to reduce market "noise." In the world of trading, noise refers to random fluctuations that can be distracting or even misleading. Because weekly charts consolidate more data into each point, they smooth out these erratic movements and give a clearer picture of the overall trend. Then, there's the advantage of time management. Not every trader can, or wants to, monitor the markets on a daily basis. If you're one of them, then weekly charts are your friend. They give you the flexibility to keep track of market trends without the need to constantly monitor every minor price movement. Furthermore, weekly charts are quite handy for strategic planning, especially for long-term investments. If you're thinking about where to enter or exit the market, weekly charts can provide valuable insights. They can help you spot potential opportunities that align with larger market trends, which can be especially useful for swing traders or investors. However, it's not all sunshine and rainbows with weekly charts. There are a few potential drawbacks to be aware of. One of the challenges with weekly charts is that they can be a bit slow in reflecting sudden market changes. For example, if there's a significant event that impacts the market within the week, the effect might not be immediately visible on the weekly chart. Also, if you rely exclusively on weekly charts, you might miss out on some lucrative short-term trading opportunities. Day traders or scalpers, who thrive on making multiple trades within a day, might find weekly charts too broad for their needs. And finally, if the market moves against your position, you might experience longer periods of drawdown when basing your decisions on weekly charts. Because these charts focus on a longer timeframe, it can take longer for them to reflect a change in trend. In conclusion, while weekly charts are an important tool for long-term trend analysis, they should be used in conjunction with other timeframes and indicators to ensure a well-rounded view of the market. This will help balance the benefits of long-term trend analysis with the agility to respond to short-term market movements. Pros: - Perspective on Long-Term Trends: Weekly charts provide a broader view of the market, showing long-term trends that are crucial for understanding the overall market direction. - Reduced Noise: Weekly charts can help filter out the noise of daily fluctuations, offering a smoother perspective of price movement. - Effective Time Management: For those who can't or don't want to monitor charts daily, weekly charts require less frequent checking and still provide a solid understanding of market trends. - Strategic Planning: Weekly charts can assist in planning long-term investment strategies, helping to determine good entry and exit points based on long-term trends. Cons: - Delayed Information: Because weekly charts are less granular, they might not reflect sudden market changes quickly. - Reduced Trading Opportunities: If you're only relying on weekly charts, you might miss out on short-term trading opportunities that daily or hourly charts could reveal. - Risk of Longer Drawdown Periods: If the market moves against your position, weekly charts could potentially result in longer drawdown periods because decisions are based on a longer timeframe. Remember to use weekly charts in conjunction with other timeframes and indicators to get a comprehensive view of the market. This way, you can balance the advantages of long-term trend analysis with the ability to respond to short-term market movements.
B
by ShawnMCR
7
BTC - Navigating the Recent Decline and Key Technical IndicatorsDear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and resistance levels, and potential future trends. 1. Fibonacci Retracement Analysis Fibonacci retracement levels are commonly used to identify potential support and resistance levels based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%). In this scenario: - Retracement Levels: - From the high of $70,000 to the low of $66,000, key Fibonacci levels are: - 23.6% retracement: Approximately $66,950 - 38.2% retracement: Approximately $67,520 - 50% retracement: Approximately $68,000 - 61.8% retracement: Approximately $68,480 - 78.6% retracement: Approximately $69,090 The recent decline saw Bitcoin retracing to the 61.8% level, suggesting a strong support area. A failure to maintain this level could indicate further downside potential. 2. Bollinger Bands Analysis Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at a standard deviation away from the middle band. They help identify volatility and potential overbought or oversold conditions. - Observations: - As Bitcoin declined, it approached the lower Bollinger Band, suggesting a potential oversold condition. - A rebound from this level might indicate a short-term relief rally, while a close below could signal continued bearish momentum. 3. Ichimoku Cloud Analysis The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insight into trend direction, momentum, and support/resistance levels. - Components: - Tenkan-sen (Conversion Line): A shorter-term moving average, usually set at 9 periods. - Kijun-sen (Base Line): A longer-term moving average, typically 26 periods. - Senkou Span A & B (Leading Span A & B): Form the cloud, representing potential support/resistance. - Current Status: - Bitcoin's price fell below the Ichimoku Cloud, suggesting a bearish trend. - The Tenkan-sen and Kijun-sen have made a bearish crossover, indicating potential continued downside. - The Senkou Span A has crossed below Senkou Span B, reinforcing the bearish sentiment. 4. Exponential Moving Averages (EMAs) and Other Moving Averages EMAs give more weight to recent prices, making them responsive to new information. Key EMAs to watch include the 21-day, 50-day, and 200-day. - EMA Observations: - 21-day EMA: Has turned downwards, signaling short-term bearishness. - 50-day EMA: Positioned above the current price, acting as resistance. A failure to reclaim this level could confirm the bearish trend. - 200-day EMA: Often considered a long-term trend indicator. Currently below the 200-day EMA suggests a longer-term bearish outlook. - Other Moving Averages: - The 100-day SMA is also crucial, currently providing a near-term resistance level. A breakdown below this moving average may lead to increased selling pressure. 5. Momentum Indicators Additional indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide further insights: - RSI: Nearing oversold levels, indicating that a short-term reversal could be on the horizon. - MACD: The MACD line has crossed below the signal line, suggesting bearish momentum. Conclusion and Future Outlook The technical analysis indicates that Bitcoin is currently in a bearish phase, as evidenced by the price's position relative to key moving averages, the Ichimoku Cloud, and other indicators. The 61.8% Fibonacci retracement level around $68,480 serves as a crucial resistance point. A sustained move above this level, along with reclaiming the 50-day EMA, could signal a potential recovery. Conversely, continued weakness below the 200-day EMA and the lower Bollinger Band suggests further downside risk, with potential support around the $66,000 mark. Traders should closely monitor these levels and indicators for signs of either a reversal or continuation of the current trend.
BITSTAMP:BTCUSDLong
by BTC-Blockchain
Bitcoin - Indicators have Cooled DownBitcoin Quick Analysis There was a panic in the market yesterday related to the USDC. Yes, very big banks went bankrupt, it's understandable. But looking at the chart, all the noise that was connected with USDC looks like another manipulation. Do not forget that the markets are ruled by the emotions of fear and greed. Indicators have cooled down, which is good, RSI is out of oversold area, usually it is a strong reversal signal, I am not surprised that it will be a turning point for the price and in some time Bitcoin will continue its movement to the levels of $28 - $32k. Perhaps today there will be new buy signals from my trading indicators. All my 6 years of trading experience, knowledge, developments, and indicators I share them here in ideas for free. In return I will ask you just follow me, like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚
Long
by Yaroslav_Krasko
6
How to spot the Perfect Entry using the BuySell indicators I had a question from a trader who asked me about how to filter the noise around the many buy and sell signals of the Perfect Entry and Confirmation Entry indicators. And he wanted to buy ONTX but the signals weren`t aligned. He uses 7h timeframe, which is close to one day. This is the case study: In the picture you can see the 2 indicators showing a BUY SIGNAL ON THE SAME CANDLE, inside or close to exiting the GREEN (OVERSOLD) AREA, on RISING VOLUME, combined with a BULLISH DIVERGENCE. This is a pattern to follow for a perfect entry that can signal a major breakout in other stocks! The first Sell from the Confirmation Entry indicator was at 0.43usd, so almost 3X! At that point the price was 0.16 usd. now it`s 1.20usd. So 10X! If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
OLong
by TopgOptions
17
Understanding Indicators: How to use them in your TradingLots of Traders shove indicators on their chart to try and paint a clearer picture of the market, but is it really helpful? Well, only if you understand their true purpose, which is to gauge the market temperature. In other words, how extreme price is and how good a deal you are getting. Think of it like the weather. Sometimes its really hot (above average) sometimes its really cold (below average). Your job as a Trader is to judge the Market similarly. In this video, I break it all down with my thoughts on the current GBPUSD market. Trade Small And Trade Safe.
by WillSebastian
Bearish Symbols From Successfully Back Tested Counter IndicatorsSince Reece and Bonavest departed Whalepool and Cloud and Webscrapper are absent I have had to resort to the use of a new set of counter indicators. BinaryEchos and SpreadSheet Warrior have been spewing bullish narratives which I have implemented as sell signals, I have implemented Webscrappers selected TA of 8 hour heiken ashi candles on this chart which indicate a continuing pattern of selling. Targets for this move are 5.4k 4.8k and 3.6k.
BITFINEX:BTCUSDShort
by Inbred69
3
Bitcoin Falls Out of Price Channel as Weekly Indicators DeclineThere has been quite a bit of discussion about Bitcoin and the direction of price. Based on the weekly chart it should become apparent that until the weekly indicators turn up, Bitcoin will have difficult gaining any price altitude. In addition, Bitcoin has fallen out of the price channel formed back in April based on the pivot low of $339.79. The only indicator below the chart that has not turned bearish is the Premier Stochastic Oscillator (PSO), but it - especially - should give reason for pause. Why? Because based on the past, it will likely go negative before cycling back up to positive. How long could it take once it cycles red to cycle back to positive? Probably two or three weeks at minimum. However, the more likely scenario is that it will cycle positive (of course after it goes negative) only after the other indicators have bullish crosses. While many are talking about Bitcoin cycling back up in 2 weeks or so, it may actually take much longer unless something happens that allows the indicators to catch themselves and reverse course. In my opinion, the more likely scenario is the indicators continue cycling down in a process more likely to take several months, rather than several weeks. Just take a look at KDJ and the Ehlers Smoothed Stochastic & RSI with Roofing Filters indicators to get an idea of how long a cycle from top to bottom to top is taking. It isn't two weeks, that's for certain. That doesn't discount getting a bump up, but it does indicate the difficulty Bitcoin price will have going back up significantly higher until the indicator cycles complete.
BITSTAMP:BTCUSD
by TerryKinder
3
BTC - Bitcoin what's Next?? - 3 Bullish IndicatorsSo, Friday evening we seen a small rally from Bitcoin that finally got us out of the latest downtrend that started back on May 6th. This is a small breakout, but this is huge for the entire market. We seen altcoins immediately rally after the small Bitcoin bounce and this is changing the market sentiment. Bitcoin has settled down and found strong support at 6300. What's next? I have found some bullish indicators forming that suggest Bitcoin will go up. 1) Looking at the 4hr chart, a bull flag has now formed. 2) Cup n Handle 3) EMA20 about to cross up the EMA55 So, these indicators to me suggest Bitcoin may continue to rise in price. Please let me know your thoughts on this, your comment, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
BITFINEX:BTCUSDLong
by redking75
2